Warehousing & Logistics company TCI Express announced Q3FY25 results Total Income for the quarter stood at Rs 299 crore EBITDA for Q3FY25 stood at Rs 33 crore, with an EBITDA margin of 11%. Profit After Tax (PAT) for Q3FY25 was Rs 20.7 crore, with a PAT margin of 6.9%. Chander Agarwal, Managing Director, said: “TCI EXPRESS continued to demonstrate operational resilience and strategic agility in a dynamic market environment. During the quarter, we enhanced our multimodal logistics capabilities, strengthened our metro-city delivery network in the Air Express segment, and advanced automation initiatives to deliver exceptional service to our customers. These efforts underscore our commitment to meeting evolving market needs while maintaining operational efficiency. However, the logistics sector continues to navigate a challenging business landscape with moderating manufacturing activity and evolving consumer trends impacting demand. India’s Manufacturing PMI showed some fluctuations with a slight dip in the index towards the later months, reflecting a marginal slowdown in production levels, while festive season demand in October was softer than expected. November and December experienced a slight slowdown. Additionally, inflationary factors, including annual toll revisions of 8-10%, influenced operating costs in the Surface Express segment. The Air Express division also adjusted to shifts arising from airline consolidations and airport privatization. We are honored to have received significant recognition during the quarter, including the prestigious ‘CII SCALE Award 2024’ from the CII Institute of Logistics for Supply Chain and Logistics Excellence, highlighting the strength of our infrastructure and innovation. Being featured in Forbes India’s Select 200 Companies with Global Business Potential in DGEMS 2024 reflects our growing global presence and strategic positioning. Our CSR efforts were recognized with the ‘Indian CSR Award 2024’ by Brand Honchos, and our workplace culture continues to be acknowledged with the ‘Great Place to Work 2025-26’ certification for the fifth consecutive year, emphasizing our focus on employee well-being and growth. As part of our ongoing commitment to shareholder value, we are pleased to announce a second interim dividend of ?3.00 per share taking the total dividend to Rs. 6.00 per share for the 9MFY25, representing a payout of 300% on the face value, reflecting our confidence in the company’s financial strength and consistent performance. Looking ahead, we remain cautiously optimistic as the anticipated rebound in economic activity, supported by government infrastructure investments and a renewed focus on manufacturing, is expected to create favorable conditions for the logistics sector. The company anticipates a demand recovery with the upcoming budget, expecting fiscal measures to boost industrial output, infrastructure investments, and consumer spending, which will positively impact transportation and logistics activities. We are confident that our ability to leverage technology, enhance our services, and expand our offerings will enable us to continue delivering sustainable value to all stakeholders.” Result PDF
Transportation & Logistics company TCI Express announced Q2FY25 results Financial Highlights: Total Income for the quarter stood at Rs 313.9 crore, registering an increase of 6.3%, if compared with Q1FY25 and a decrease of 2.4% YoY. Sustaining margins: EBITDA and PAT margins demonstrated an upward trend, having increased since the previous quarter. The contribution to revenue from extended services, particularly from rail express, has been steadily increasing. Capital expenditure of Rs 10.62 crore in Q2FY25 for expansion of our branch network, construction of sorting centers and ramping up our IT infrastructure. Other Highlights: Multimodal express services continues to diversify its service offerings, with plans to increase their revenue contribution to 20-22% over the next 2-3 years, thereby enhancing competitiveness. Persistent inflation led to higher transportation costs and compressing margins. Heavy monsoon conditions resulted in water logging, causing longer delivery lead times and operational setbacks. Lower demand especially in production-dependent sectors such as Automobile, Textile contributed to softer revenues and reduced profit margins. Significant strides were made in automation, with sorting centers in Gurugram and Pune demonstrating improved efficiency. The extension of these enhancements to Ahmedabad and Kolkata is planned to further boost performance. SME performance showed slight improvement, but the overall impact remained limited due to broader economic challenges from high inflation, rising labor costs and elevated interest rates. The company anticipates a demand recovery with the upcoming festive season, supported by ongoing customer-centric approaches and strategic growth initiatives Chander Agarwal, Managing Director, TCI Express ,said: “TCIEXPRESS, showing modest improvement in revenues and maintained its margins sequentially in Q2FY25, reflecting the company's efficient operational strategies, innovative service offerings and market adaptability, strengthening its position as India’s most trusted and fastest-growing express delivery company. However, year-on-year revenue saw a slight dip due to certain factors, including prolonged monsoon rains led to waterlogging and flooding, causing supply chain disruptions and delivery delays. Additionally, lower activity in manufacturing and automotive sectors, coupled with geopolitical tensions, softened logistics demand. We continue to adapt and take proactive steps to mitigate these factors. Amidst these challenges, TCI Express remains focused on driving operational efficiencies and positioning the company for long-term growth. We have made significant strides in automation, with our sorting centres in Gurugram and Pune already demonstrating improved operational efficiency. We are now planning to extend this initiative to our upcoming facilities in Ahmedabad and Kolkata. With a focus on expanding its network, the company has successfully launched three new branches to enhance accessibility and market reach. Additionally, our multimodal express services having both rail and air solutions as major contributors, continue to grow and we aim to increase their contribution to 20-22% of total revenue over the next 2-3 years, further strengthening our service offerings and competitive position. We are pleased to announce our first interim dividend of Rs 3.00 per share for FY25, reflecting our dedication to delivering value to our shareholders. This demonstrates our ongoing commitment to rewarding investor confidence while maintaining a focus on sustainable growth and profitability. CSR continues to be a core focus at TCI Express, resulting in the formation of the CSR arm ‘TCIEXPRESS Foundation’. We recently inaugurated our first Jaipur Foot and Rehabilitation Centre in Lucknow, aimed at improving the lives of physically challenged individuals (Divyang) across the region. This initiative, in collaboration with TCI foundation provides free artificial limbs, crutches, and calipers to those in need. The centre has already served ~100 individuals. Additionally, the foundation organized the Shri P.D. Agarwal Blood Donation Drive 2024, with 1,334 participants nationwide. We are proud to have received the Iconic Brand of India 2024 award and the Rajasthan Business Award for Best in Logistics. Looking ahead, we anticipate a recovery in demand with the upcoming festive season. TCI Express remains steadfast in its commitment to leveraging its strengths, seizing growth opportunities, and maintaining a customer-centric approach. Our strategic initiatives and robust fundamentals will continue to propel us towards sustained growth and enable us to deliver superior value to our customers.” Result PDF